Sept 8

September 9, 2008 § Leave a comment

and

Fannie & Freddie: Buying friends in DC
CNNMoney.com – 53 minutes ago
The two mortgage finance companies doled out $174-million over the past 10 years to Washington lobbyists, report says. By Allan Chernoff, CNN senior correspondent NEW YORK (CNN) — When it came to buying influence in Washington, Freddie Mac and Fannie

and

Paulson placates China, Russia for now
US Treasury Secretary Henry Paulson had little choice but to bail out Fannie Mae and Freddie Mac, with China and Russia holding large amounts of their debt. Doing nothing would have left no further reason for other countries to invest in US government-guaranteed obligations. That day of reckoning has now merely been delayed. –Julian Delasantellis

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You are currently reading Sept 8 at Reflections on GardenWorld Politics Douglass Carmichael.

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